The FTSE gapped up high yesterday and sold off straight away. Today futures are currently trading below yesterday's cash low at 6611. If we open below this level at the 8am open we have a reversal day which is short term negative. This means that traders who bought the the euphoria yesterday at the market open will be trapped in losing long positions [Signup For Mark's Trading Plan]
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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